Recreational Marijuana Could Get High Tax Increase

Colorado lawmakers hope to pass the first set of recreational marijuana regulations in the country.

The proposed laws involve who can sell it, where it can be sold, to whom, and also will include a new tax. Voters will have to go back to the polls to approve these new regulations.

The taxes on Colorado’s recreational marijuana could be more than 30 percent. “If a patient’s budget is $100 a month on medical marijuana, that’s a $30 to $40 a month increase,” stated one medical marijuana patient.